Battered VLCC owners are set for a short-term shot in the arm as concerns about Iranian sanctions push rates to a four-year high, Dahlman Rose says.
Analyst Omar Nokta explains spot earnings have shot up from around $25,000 day to approximately $42,500 daily thanks to a flurry of fixing activity.
Nokta says Vela has been at the tip of the sword chartering nine VLCCs in the past week for runs out of Saudi Arabia for the US.
He
